Canadian Pacific Kansas City Limited (TSE:CP) Expected to Earn Q3 2024 Earnings of $1.03 Per Share

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Analysts at National Bank Financial dropped their Q3 2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a research note issued to investors on Wednesday, September 11th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings per share of $1.03 for the quarter, down from their prior estimate of $1.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $5.27 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.28 EPS, FY2024 earnings at $4.29 EPS and FY2025 earnings at $5.09 EPS.

A number of other analysts have also commented on CP. TD Securities lifted their price objective on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$124.00 to C$130.00 in a research report on Wednesday, July 10th. JPMorgan Chase & Co. lifted their price objective on Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. National Bankshares set a C$119.00 price objective on Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a research report on Thursday, June 27th. Finally, Sanford C. Bernstein raised their target price on Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$123.87.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP opened at C$117.35 on Friday. The business has a fifty day moving average of C$111.49 and a 200-day moving average of C$112.70. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The firm has a market cap of C$109.50 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. The company had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total value of C$6,473,511.98. In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total value of C$6,473,511.98. Also, Senior Officer Nadeem Velani sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$109.11, for a total value of C$349,155.84. Insiders have sold 90,305 shares of company stock worth $9,690,094 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.